OOO Yaroslavov Val (Kyiv) will issue M-series bonds amounting to UAH 150m, according to the company’s press release. This decision was upheld at the shareholders’ meeting on February 12, 2008.
The bonds worth UAH 1,000 par each will be placed from April 10 till June 9, 2008. The yield is set at 15% p.a. for the 1st year in circulation. The issue has quarterly coupons. The proceeds will be used for construction of a hotel complex in Kyiv.